ClaimTrust Announces New RAC Solution for Hospitals

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Mon Aug 17, 2009 10:27am EDT

InSight RAC is the First Fully Hosted-Solution to Incorporate a Knowledgebase of
Winning RAC Arguments to Help Hospitals Organize, Manage, and Report RAC
Activity
MURFREESBORO, Tenn.--(Business Wire)--
ClaimTrust, a leading provider of revenue cycle tools and services for
hospitals, today announced the availability of its newest product InSight RAC, a
fully hosted, web-based tool designed to help hospitals minimize RAC exposure
and give them the best chance for appealing RAC denials. The built-in RAC
knowledgebase includes winning arguments and appeal letter templates proven in
the RAC demonstration phase to ensure best practices throughout the appeals
process. 

InSight RAC features specific data tracking tools with workflow and reporting
capabilities designed specifically for navigating the multiple levels of RAC
inquiries and appeals. The solution`s inbuilt comprehensive workflow function
allows tasks to be distributed across multiple team members, departments and
facilities as needed, making it easy to track each element of the process and
ensure individual accountability at every step. It provides an intuitive view of
all RAC entries and tracks audited claims from chart request all the way to
Federal District Court (FDC) appeal. InSight RAC can be integrated with Hospital
Information Systems (HIS) to simplify record lookup and payment adjustment
monitoring. 

"We are very excited to offer one of the industry`s first purpose-built RAC
solutions powered by seasoned RAC specialists to help hospitals organize,
manage, and report RAC request, response and appeal activity," said Karen
Bowden, president of consulting services, ClaimTrust, Inc, whose team won 93% of
their RAC appeals and recovered $4.2 million for one hospital. "In our work with
hundreds of hospitals across the country we have found that many are ill
prepared for the RAC audit process, and many questions still remain about how
RAC will be implemented. InSight RAC leverages our extensive experience during
the demonstration phase and is designed to equip hospitals with the most
up-to-date tools to ensure that they are ready for the RAC auditors when they
come." 

InSight RAC and the whole InSight Revenue Cycle Solution suite is a web-based
platform which is constantly updated to offer the latest information, including
unpublished payor edits and payment rules, monitored by the ClaimTrust services
team. As part of the InSight suite, InSight RAC is integrated with InSight
Reports to enable hospital staff to quickly identify and trend areas of exposure
and multi-level appeals. InSight RAC is also integrated with ClaimTrust`s
InSight Denials that includes a full 835 interface and can accept custom data
elements. 

InSight RAC is the newest addition to ClaimTrust`s InSight Revenue Cycle
Solution, the first hospital revenue cycle system to offer comprehensive
all-payor edits designed to target the key inflection points in the revenue
cycle to ensure that hospitals efficiently collect all of the revenue to which
they are entitled. ClaimTrust`s comprehensive revenue cycle solutions suite
offers true all-payor support while providing the industry`s deepest edit
library. 

About ClaimTrust

ClaimTrust focuses exclusively on hospital revenue cycle tools. That singleness
of purpose enables it to deliver the industry`s most effective mix of software
and services designed to ensure that hospitals collect more of the revenue they
are entitled to as fast as possible. The ClaimTrust InSight Revenue Cycle
Solution is a suite of Web-based products that target the key revenue cycle
inflection points that have the greatest impact on the bottom line. ClaimTrust
provides the industry`s most frequently updated and deepest edit library; the
ability to find new revenue from unbilled charges; a denials analysis engine
which identifies trends and rules to generate edits that no other vendors has;
and true all-payor support. For more information, please visit
http://www.claimtrust.com. 





for ClaimTrust
Jessica Cohen, 617-332-9999 x203
jcohen@ariamarketing.com


Copyright Business Wire 2009

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